ACC on track to self-fund by 2019, setting up significant levy reductions in future

Thu, 14 Feb 2013

By Paul McBeth Feb. 14 (BusinessDesk) - Accident Compensation Corp, whose board and executives were purged last year in the fallout of major privacy breaches, is on track to fully-fund its accident coverage, paving the way for significant and long-term cuts in future levies. Chair Paula Rebstock told Parliament's transport and industrial relations committee the state-owned insurer is "very much on track" to full funding in six years, which could give ACC room to deliver cheaper levies. "That sets us up really for an overall situation where...

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